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Downer loss ups pressure on mining business

ASX-listed Downer EDI’s loss of its largest mining contract called into question “the future of [its] mining operations”, a big investment bank has said following this week’s “surprise” decision by Fortescue Metals Group to switch to owner-mining at Christmas Creek in Western Australia.

Downer loss ups pressure on mining business Downer loss ups pressure on mining business Downer loss ups pressure on mining business Downer loss ups pressure on mining business Downer loss ups pressure on mining business

Downer's loss of Christmas Creek mining contract follows other significant site exits

One of the world’s largest surface mining contractors will almost certainly follow some of its peers in the pursuit of international growth or risk watching its contract mining business shrink further

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